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Jan 30, 2023
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this is after renault and nissan confirmed to restructure with renault reducing stake in nissan to 15% from 43%. we are seeing a little bit of at the stock has done well. let's get to charlotte charlotte has been monitoring these for the last couple months we finally have a resolution it appears to put both carmakers on equal footing >> reporter: absolutely, joumanna this new alliance, as you said, has been discussing since october. they were carrying trustful discussions with the two partners it is a 20-year old alliance there has been friction and issues one of the sticking points with nissan and renault is the shareholder structure. renault owned 43% of nissan and they had no voting rights. there is tension with the two partners this is another issue with the equal share holding of 15% within each other with voting rights renault will transfer 28.4% of the rest of nissan into the french trust and they can sell that stake further down the line if they want when it is commercially viable that will free up issues for renault. they have announced recently the ev unit and potentially lis
this is after renault and nissan confirmed to restructure with renault reducing stake in nissan to 15% from 43%. we are seeing a little bit of at the stock has done well. let's get to charlotte charlotte has been monitoring these for the last couple months we finally have a resolution it appears to put both carmakers on equal footing >> reporter: absolutely, joumanna this new alliance, as you said, has been discussing since october. they were carrying trustful discussions with the two...
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Nov 20, 2018
11/18
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ghosn who was a renault man. so there was already that huge tension within the group i think that's what was referred to when it was talked about which power was too concentrated in that one man. >> you mention that. we hear a lot about key man risks, especially following the death of sergio marchionne this summer what do you think this hole left by mr. ghosn's departure might mean for the companies and their shares >> it depends on who steps forward in terms of running the company and running the alliance itself the statement does suggest that will there be more shared responsibility in the future but there was always a question mark about what would happen when mr. ghosn left. i spoke to him last week, we discussed that point he was saying that obviously there was a humor factor behiand the alliance he said there are other people within the group who have that experience on both sides of the alliance, so the japanese and the french side of the alliance who could take over. the french finance minister had mentio
ghosn who was a renault man. so there was already that huge tension within the group i think that's what was referred to when it was talked about which power was too concentrated in that one man. >> you mention that. we hear a lot about key man risks, especially following the death of sergio marchionne this summer what do you think this hole left by mr. ghosn's departure might mean for the companies and their shares >> it depends on who steps forward in terms of running the company...
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Nov 23, 2018
11/18
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renault stepped in to save it. carlos ghosn was brought in as a foreigner to do what no japanese ceo could do, that is to cut ties within then industrial conglomerate, to lay off people. he did a great job of turning around that company. fast forward to today, 19 years on, nissan regained strength, there's been issues of fuel economy figures, but nonetheless, it's a stronger company. now you have two companies that are of roughly equal size and strength so there may be a feeling that nissan is not in need of being taken over but can stand on its two feet that's the power struggle we're seeing >> i want to pick up on the other point, you mentioned about the manner in which the japanese pursued their investigation and they've made this a public event. in terms of internal investigations, typically these are done to try to protect their leaders. what do you make of the fact they used this internal investigation to confirm the allegations and did so in such a public way >> you're right. it's very unlikely with hindsigh
renault stepped in to save it. carlos ghosn was brought in as a foreigner to do what no japanese ceo could do, that is to cut ties within then industrial conglomerate, to lay off people. he did a great job of turning around that company. fast forward to today, 19 years on, nissan regained strength, there's been issues of fuel economy figures, but nonetheless, it's a stronger company. now you have two companies that are of roughly equal size and strength so there may be a feeling that nissan is...
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Jun 10, 2019
06/19
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renault up 2%. fiat chrysler 1/3 of a percent the closely watched u.s. surplus is $26.89 billion in may that's a number closely watched by mr. trump that's almost $6 billion higher than april you look at how the easing of u.s./mexico trade tensions seems to have helped some of these sectors, in particular mining, basic resources. some of these big minors that are performing incredibly strongly you can see 2 1/3 of a percent glen core trading 1.4% higher. steve mnuchin says president trump is ready to slap more tariffs on china if his suggestions with xi jinping do not resolve the outstanding differences between the two countries. my colleague nancy hungerford joins us from japan. nancy, this seems to have been the most significant line to have come out of these various conversations involving the g-20 finance ministers. >> reporter: yes, indeed i can tell you all of the finance ministers here meeting are very concerned about a escalation in the china/u.s. trade tensions that's why so much is riding on this next meeting between u.s. president trump and ch
renault up 2%. fiat chrysler 1/3 of a percent the closely watched u.s. surplus is $26.89 billion in may that's a number closely watched by mr. trump that's almost $6 billion higher than april you look at how the easing of u.s./mexico trade tensions seems to have helped some of these sectors, in particular mining, basic resources. some of these big minors that are performing incredibly strongly you can see 2 1/3 of a percent glen core trading 1.4% higher. steve mnuchin says president trump is...
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Jul 26, 2019
07/19
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and i think this creates probably some uncertainties at all levels of renault. this is what i could imagine what i've heard from mr. bollore a couple minutes ago, what i could read today, this sounds quite okay i think renault is not in great shape. the markets don't help at the moment there's no real product story except one or two electric cars. but other than that, i think it's not -- as i said, it's not as bad as one could fear >> sir, i'm actually the lady who spoke to mr. bollore earlier, i thought it was interesting how positive he was on the outlook on china, particularly because they're starting from a small base and they are rolling out so many electric cars there. do you share that optimism that renault can become a serious player in china on the electric vehicle front? >> i think in the short and medium term, yes my impression is that renault reacted quickly to the changes in the chinese market that people go quickly to electric cars, small electric cars. and renault seems to have reacted there quite well also i think the chinese market just for stat
and i think this creates probably some uncertainties at all levels of renault. this is what i could imagine what i've heard from mr. bollore a couple minutes ago, what i could read today, this sounds quite okay i think renault is not in great shape. the markets don't help at the moment there's no real product story except one or two electric cars. but other than that, i think it's not -- as i said, it's not as bad as one could fear >> sir, i'm actually the lady who spoke to mr. bollore...
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Nov 21, 2018
11/18
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the renault story. renault is a stock, if i told you it's trading four times forward pe, you would say there must be value somewhere. if you times it by three and then some you wouldn't get to the average valuation of the cac 40 autos coming off an incredibly low base >>> brussels is set to respond to italy's resubmitted budget. the european commission is expected to declare rome is in breach of eu rules when it publishes its report at 12:00 p.m. central european time, taking the first step towards disciplinary action against the eurozone's third largest economy. italy refused to cut its 2019 deficit but a newspaper reports that mateo salvini may be open to budget revisions. this is the man who famously said the first things he looks at in the mornings is the italian spreads over bunds we are trading at 3.53% on the italian ten-year paper going out to 30 years, 40.077. let's get to silvia who is in brussels cryptic, opaque, ambiguous what does mateo salvini mean when he says he may be open to compromise
the renault story. renault is a stock, if i told you it's trading four times forward pe, you would say there must be value somewhere. if you times it by three and then some you wouldn't get to the average valuation of the cac 40 autos coming off an incredibly low base >>> brussels is set to respond to italy's resubmitted budget. the european commission is expected to declare rome is in breach of eu rules when it publishes its report at 12:00 p.m. central european time, taking the first...
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Feb 14, 2020
02/20
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charlotte is live from the renault headquarters with a special guest. a quick one, investors are not taking today's results well at all. can you give us more detail? >> good morning. yes, the shares in the red this morning. i'm joined by the managing director to discuss all of this. the results this morning, the market a little disappointing there. are the results reflecting specific wren at or the car industry more widely >> it is a general industry problem. there are a number of issues with renault some of the compliance on co 2 for renewal are more critical. this makes the emerging market exposure that did not help >> you wither in a meeting a bit earlier. coming into place in july. the acting ceo we mentioned higher restructuring cost. do you think they are taking the right steps to address the issues that they face. >> they should have started earlier. it could have been done in a different way. when you see the right dictions being taken now, it will take some time. >> is 2020 the year of make or break. can they a survive without the architect and
charlotte is live from the renault headquarters with a special guest. a quick one, investors are not taking today's results well at all. can you give us more detail? >> good morning. yes, the shares in the red this morning. i'm joined by the managing director to discuss all of this. the results this morning, the market a little disappointing there. are the results reflecting specific wren at or the car industry more widely >> it is a general industry problem. there are a number of...
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Feb 6, 2023
02/23
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renault and nissan announced deals of a partnership or stake in one another with the renault now reducing stake to 15%. they will invest in the electric vehicle unit reinvigorating that alliance is what we talked about in last couple months. the ftse 100 is down .10% today as well. in terms of sectors, this is the breakdown. every sector in the red. on the down side, technology down 1.88% although we had a good week last week, you have to think some of the geopolitical concerns are weighing with the likes of chip makers in the basket that basket down 1.8%. clearly an inverse relationship with interest rates and what is happening there. retail is also lagging today down 1.4%. adidas is at the bottom of the basket arabile. >>> the u.s. military is working to recover the remnants of the suspected chinese surveillance balloon it shot down over the weekend. the u.s. fighter jet fired on it over the atlantic off south carolina the balloon put a further strain between the united states and china with the cancellation of the visit from secretary of state antony blinken the president said he took
renault and nissan announced deals of a partnership or stake in one another with the renault now reducing stake to 15%. they will invest in the electric vehicle unit reinvigorating that alliance is what we talked about in last couple months. the ftse 100 is down .10% today as well. in terms of sectors, this is the breakdown. every sector in the red. on the down side, technology down 1.88% although we had a good week last week, you have to think some of the geopolitical concerns are weighing...
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Oct 10, 2022
10/22
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renault is keen on it and it is positive for renault because it would free up almost 4 billion euro to invest further in the ev strategy there is the question of the french government. it is the main shareholder which owns 15% stake and it has caused problems in the past renault was looking at fiat and the french government would want that to happen fiat moved on with peugot. we don't know if the french government is standing with that issue. and the other issue is the combustion engine. renault is looking at gv and with china and they are not keen on this happening because there would be sharing of technology that they are not keen on. that is why these talks are not confirmed. the group said apparently they want to have a solution by the market on november 8th that is when the new structure is announced the industry is going and we will see the merger or tieups with the carmakers to have the funds and investment for electric vehicle and they need to show further leverage of the alliance that they have not used the change of structure could happen and the market is looking at this pos
renault is keen on it and it is positive for renault because it would free up almost 4 billion euro to invest further in the ev strategy there is the question of the french government. it is the main shareholder which owns 15% stake and it has caused problems in the past renault was looking at fiat and the french government would want that to happen fiat moved on with peugot. we don't know if the french government is standing with that issue. and the other issue is the combustion engine....
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Apr 20, 2023
04/23
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all eyes on renault. we will talk about that in a moment and ftse mib following the negative performance yesterday after the strong inflation print and taking cue from the weakness we had in commodity overnight. in terms of sectors, up at the top, real estate for a range up .40%. banks with a spot of green up .30%. bank kifter came out with net profit that set the tone for that sector insurance is relatively well autos at the bottom. down .30%. sorry, down 3 points some of the names in europe with vw and renault at the bottom of the stoxx 600. basic resources down 1.3% as well a lot of the high beat names are coming under pressure. we had a bunch of companies come out with earnings. let's bring you the big names. this is the breakdown. i mentioned renault down 6.5%. l'oreal with a spot of green we will talk more about that volvo down 2%. you see the names in fact basket are under pressure tesla decreased in margin -- other way around they want to gain at the expense of margins that set the tone. deliverie
all eyes on renault. we will talk about that in a moment and ftse mib following the negative performance yesterday after the strong inflation print and taking cue from the weakness we had in commodity overnight. in terms of sectors, up at the top, real estate for a range up .40%. banks with a spot of green up .30%. bank kifter came out with net profit that set the tone for that sector insurance is relatively well autos at the bottom. down .30%. sorry, down 3 points some of the names in europe...
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120
Jun 6, 2019
06/19
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, does that mean that renault is destined to remain stand alone >> renault or fca? >> renault. >> i think at the moment it would be difficult because of renault's alliance with nissan it's going to be difficult for any of the companies to join with them in merger terms. i mean, absolutely other types of cooperation are possible. but i think this is proven how difficult it is when you get into the weeds of trying to join the ownership structure of the two companies. >> putting renault aside and looking at the fca part of this deal, earlier this year there were reports that peugeot was interested in a deal with fca. do you think they could step in at this point or peugeot being french are they poised to see the same kind of resistance from the french government? >> it could be easier for fca because they don't have the other alliance and the already difficult ownership structure that that brings with it and they have an existing partnership with fca unlike commercial vehicles which is successful they talked about increasing investments at the beginning of the year so
, does that mean that renault is destined to remain stand alone >> renault or fca? >> renault. >> i think at the moment it would be difficult because of renault's alliance with nissan it's going to be difficult for any of the companies to join with them in merger terms. i mean, absolutely other types of cooperation are possible. but i think this is proven how difficult it is when you get into the weeds of trying to join the ownership structure of the two companies. >>...
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Nov 8, 2022
11/22
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and nissan with a 15% in renault. the discussion will be that nissan invest in the ev unit of renault. in exchange, they will invest in the unit and renault will make a balanced 15% equal footing with nissan we know nissan had concerns with geely on the technology sharing. we know the deal is happening and disagreement has given the green light. we don't know what nissan thinks about. this we haven't heard about the management and the capital markets. the ceo hasn't answered questions. hopefully that is one of the questions we will put to this year we will speak to them on the future of the alliance with nissan >> charlotte, we have that interview later on with thierry pieton the cfo of will join us as a first on cnbc at 12:15 cet >>> coming up on the show, we are live in cop27 in egypt where world leaders are discussing who world leaders are discussing who should pay for climate why do nearly one million businesses choose stamps.com to mail and ship? stamps.com is convenient you get the services of the post office ri
and nissan with a 15% in renault. the discussion will be that nissan invest in the ev unit of renault. in exchange, they will invest in the unit and renault will make a balanced 15% equal footing with nissan we know nissan had concerns with geely on the technology sharing. we know the deal is happening and disagreement has given the green light. we don't know what nissan thinks about. this we haven't heard about the management and the capital markets. the ceo hasn't answered questions....
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Feb 16, 2023
02/23
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renault coming up shortly. this is the round up of what we see today in european trading. we are going to wrap it there. that is it for the show. i'm joumanna bercetche "worldwide exchange" is coming up next. >>> it is 5:00 a.m. at cnbc global headquarters. here is the top "five@5. stocks pushing higher, but this morning, sounding the alarm for a pull back ahead. >>> first it was supply chain issues and now apple facing issues with the mixed reality headset. why early adopters may have to wait longer. >>> no topic off limits for charlie munger hi
renault coming up shortly. this is the round up of what we see today in european trading. we are going to wrap it there. that is it for the show. i'm joumanna bercetche "worldwide exchange" is coming up next. >>> it is 5:00 a.m. at cnbc global headquarters. here is the top "five@5. stocks pushing higher, but this morning, sounding the alarm for a pull back ahead. >>> first it was supply chain issues and now apple facing issues with the mixed reality headset. why...
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May 27, 2019
05/19
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fiat chrysler and renault shares are soaring. sca has prepared a 50-50 moerge ger which will be discussed by renault's board this morning they say the new will have a surge. they're currently up 10% close to 14% that's it for today's special europe vote show thank you very much for joining us i think some of the big take aways from this has been that we haven't had a stronger showing for the populist therefore we don't know >> the european is holding steady we saw some rise but not to the extent that the market had been expecting. interesting to me that we saw a surge in support for the greens so climate change likely to become a central area. >> putting the x in a box. they're out in force thank you to our reporters across the region. >> we'll see you tomorrow on cnbc we're the slowskys. we like drip coffee, layovers- -and waiting on hold. what we don't like is relying on fancy technology for help. snail mail! we were invited to a y2k party... uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematici
fiat chrysler and renault shares are soaring. sca has prepared a 50-50 moerge ger which will be discussed by renault's board this morning they say the new will have a surge. they're currently up 10% close to 14% that's it for today's special europe vote show thank you very much for joining us i think some of the big take aways from this has been that we haven't had a stronger showing for the populist therefore we don't know >> the european is holding steady we saw some rise but not to the...
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60
Mar 29, 2018
03/18
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consideration renault's stake, the implied stub value foreign nau renault trading at 1 times ebita we think that either through a merger or an unwinding, but we favor a merging you can essentially unlock some of that discount >> i don't how understand anyone can cut jobs in france, but they do manage to do it macron is trying to change the labor laws there the french government own 15% of renault. would they allow for meaningful consolidation, and, "b," cost cutting? >> i think what would be attractive about the merger, it wouldn't require any cost cutting to be valuable for shareholders one thing that carlos ghogn is looking for is tremendous savings across nissan an renault around 3.2 billion euro s for th two companies working together, sharing platforms, sharing development costs, which, as you know, only continue to escalate. >> obviously from what you said there are clear financial drivers for this deal. my question i guess is whether the chinese fit into this, if at all. given that the landscape of the auto industry in europe appears to be gradually being redrawn in the interes
consideration renault's stake, the implied stub value foreign nau renault trading at 1 times ebita we think that either through a merger or an unwinding, but we favor a merging you can essentially unlock some of that discount >> i don't how understand anyone can cut jobs in france, but they do manage to do it macron is trying to change the labor laws there the french government own 15% of renault. would they allow for meaningful consolidation, and, "b," cost cutting? >> i...
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107
Jan 28, 2020
01/20
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." >>> stay with us, the hunt for a new ceo at renault looks to come to an end. more on that in a few moments. >>> welcome back to "street signs. i'm julianna tatelbaum >> and i'm joumanna bercetche. these are your headlines >> european stocks trade cautionly as the treasury curve inverts for the first time since october amid growing concerns over the coronavirus >>> software slumps. the co-ceo jennifer morgan tells cnbc she is positive on the year ahead. >> we have great momentum. we are looking forward to a great 2020 when you think about the cloud portfolio we have, it has an incredible stickiness. we've already seen where the microsuites form around s 4. >>> renault's board will meet today to name chief executive as the next ceo as they struggle to rebuild its relationship with nissan >>> uk prime minister boris johnson promises a huawei solution as the national security council prepares to make a decision of the huawei's part in the 5g roll out. >> there is no reason we should not allow businesses to have access to great technology and protect security inter
." >>> stay with us, the hunt for a new ceo at renault looks to come to an end. more on that in a few moments. >>> welcome back to "street signs. i'm julianna tatelbaum >> and i'm joumanna bercetche. these are your headlines >> european stocks trade cautionly as the treasury curve inverts for the first time since october amid growing concerns over the coronavirus >>> software slumps. the co-ceo jennifer morgan tells cnbc she is positive on the...
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May 20, 2020
05/20
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renault stock up 0.8% in the paris market this morning. >>> thank you for that report. pushing on, rolls royce expected to layoff 9,000 employees representing a fifth of its work force as they aim to an annual cost savings of 1.3 million pounds the job cuts will mostly take place in the civil aerospace business which has been badly hit by the pandemic. >>> lufthansa expects more than a fourth of aircraft will be main grounded until 2022 due to the virus. also warning of further cuts in maintenance and catering business shares are down 1.9% sticking with the airline space, norwegian air has announced a deal worth $2.7 million. they took out a credit line backed by the norwegian government >>> finnair seeks to make cost cuts the carrier already furloughed much of its work force aftrican selli afric after canceling 90% of its flights. >>> investors are still optimistic about the green sector more after the break tempur-pedic's mission is to give you truly transformative sleep. so, no more tossing and turning. because only tempur-pedic adapts and responds to your body... ..
renault stock up 0.8% in the paris market this morning. >>> thank you for that report. pushing on, rolls royce expected to layoff 9,000 employees representing a fifth of its work force as they aim to an annual cost savings of 1.3 million pounds the job cuts will mostly take place in the civil aerospace business which has been badly hit by the pandemic. >>> lufthansa expects more than a fourth of aircraft will be main grounded until 2022 due to the virus. also warning of...
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Jan 22, 2020
01/20
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he has dismissed reports of ongoing issues >> the very man himself, the chairman of renault. it is a pleasure to have you with us. >> thank you >> i want to start off and talk about the stock performance of renault in 2019. it was a tricky year how much of that can you put to the external environment, trade war versus ongoing issues at the helm with carlos ghosn >> honestly, a lot is linked to the market and the auto industry is facing challenges all the markets are always anticipating issues. i think this may some day reverse. questions about the alliance, what are the new challenges, how are we going to get out of the situation? were on every mind but the good news, we are now in the new stage of the alliance. probably back to the spirit of the alliance when it was created 20 years ago when it was a success. now shaping up the whole thing in a way that we can only have positive news in the future. i really mean it management have changed. the spirit about the alliance is totally different. it needs time to go through the public opinion >> how is the relationship right now w
he has dismissed reports of ongoing issues >> the very man himself, the chairman of renault. it is a pleasure to have you with us. >> thank you >> i want to start off and talk about the stock performance of renault in 2019. it was a tricky year how much of that can you put to the external environment, trade war versus ongoing issues at the helm with carlos ghosn >> honestly, a lot is linked to the market and the auto industry is facing challenges all the markets are...
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69
Nov 19, 2018
11/18
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to bring you the latest on renaur renault's share price. the japanese newspaper said the ceo would potentially face an arrest 11.5% lower on the day 2 billion euros of value wiped off the company's market cap let's check in on the u.s. markets open you can see all three of the major indices being called ever so slightly higher with the dow jones up 24 points that is it for today's program i'm willem marx. "worldwide exchange" up next [ phone rings ] what?! ready for christmas? no, it's way too early to be annoyed by christmas. you just need some holiday spirit! that's it! this feud just went mobile. with xfinity xfi you get the best wifi experience at home. and with xfinity mobile, you get the best wireless coverage for your phone. ...you're about to find out! you don't even know where i live... hello! see the grinch in theaters by saying "get grinch tickets" into your xfinity x1 voice remote. a guy just dropped this off. he-he-he-he. >>> it is 5:00 a.m. here at cnbc global headquarters. here is your top five at 5 breaking news, nissan stoc
to bring you the latest on renaur renault's share price. the japanese newspaper said the ceo would potentially face an arrest 11.5% lower on the day 2 billion euros of value wiped off the company's market cap let's check in on the u.s. markets open you can see all three of the major indices being called ever so slightly higher with the dow jones up 24 points that is it for today's program i'm willem marx. "worldwide exchange" up next [ phone rings ] what?! ready for christmas? no,...
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45
Jan 14, 2020
01/20
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renault is up on the news. a stock we've been watching closely in europe. basic resources up about a tenth a percentage point no surprise. any positivity around the trade deal is positive for basic resources. let's turn and talk about chips and autos in more details. these were the autos this is one of the sector we've been watching closely. can you see that psa, puth owe is down. one automaker they own is nouane they are losing jobs renault back in the news as well down five tenths of a percentage point. we started off positive but back in negative territory. both renault and nissan have massively underperforms. both of down as investors still grapple with questions about what exactly is going to happen. that is the picture for autos this morning generally speaking, european equities are off to a luke warm, if not negative start to the session. >> thank you for the equities picture. let's talk fx now with our strategist picking up, i would say, on the biggest fx story in the last 24 hours. soaring to the heigh
renault is up on the news. a stock we've been watching closely in europe. basic resources up about a tenth a percentage point no surprise. any positivity around the trade deal is positive for basic resources. let's turn and talk about chips and autos in more details. these were the autos this is one of the sector we've been watching closely. can you see that psa, puth owe is down. one automaker they own is nouane they are losing jobs renault back in the news as well down five tenths of a...
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50
Nov 12, 2019
11/19
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the white house declined to comment to cnbc but renault has driven the sector lower. shares are driven the sector lower after six years after cutting the top and bottom line out look the giant has lowered sales for all key markets for japan and europe and slashed the market broadcast. this after the second posted job and hit by lower demands on uncertainty following the outing of carlos ghosn. meanwhile, feeling the weakness cautioning that it does not expect the sector anytime soon the chip maker does not enjoy the guidance adding that it is fraught with uncertainty in line with expectations that helps the stocks sparply higher in trade continental gave a gloomy out look the german car parts maker warns that third quarter earnings would be slowed down by the sector and adjusted operating profit plenty of news for the morning the head of the global automotive research. arndt, it is great to have you with us. i want to start with the macronews. you and i discussed this in the past you've been very negative about its potential impact it is not completely out of the wood
the white house declined to comment to cnbc but renault has driven the sector lower. shares are driven the sector lower after six years after cutting the top and bottom line out look the giant has lowered sales for all key markets for japan and europe and slashed the market broadcast. this after the second posted job and hit by lower demands on uncertainty following the outing of carlos ghosn. meanwhile, feeling the weakness cautioning that it does not expect the sector anytime soon the chip...
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0.0
Jan 30, 2024
01/24
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renault has scrapped the planned ipo of the ev business citing equity market conditions. the offering had been expected early this year targeting valuation as high as 10 billion euro. the ceo said he is confident that renault can support the development of the ev unit. >> we are realizing more and more the performance of the group which is getting better and better. compared to the assumption two years ago where we announced the project and the ipo and i think the company has changed to go to another level and that allows us to complete the project including the cash burn in the first 18 months of its life. we don't neepowerco. investor interest remains high and ipo is still an option. this after the report from bloomberg that the carmaker was delaying over the cooling market for evs. plenty to think about in the auto space this morning with renault cancelling the ipo and then all of the reports around volkswagen and battery unit as well. >>> 21 strong is setting the stage to value the arcteryx sportswear company at $18 billion. the investors includings lululemon founder
renault has scrapped the planned ipo of the ev business citing equity market conditions. the offering had been expected early this year targeting valuation as high as 10 billion euro. the ceo said he is confident that renault can support the development of the ev unit. >> we are realizing more and more the performance of the group which is getting better and better. compared to the assumption two years ago where we announced the project and the ipo and i think the company has changed to...
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Feb 15, 2024
02/24
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elsewhere, renault posted a record operating margin at 7.9%. the french automaker posted 2.3 billion euro for the year on 50 billion euro revenue since scrapping plans to list the unit in january. the ceo gave his thoughts on what is next for the company this year. >> i think it will be a lot of pressure on ev and reduction of pricing that we see since a few months. i think in the case of renault, we are relatively productive in our guidance. we are also on the other side optimistic. we will be launching ten models. we are entering into the favorable product life cycle, including ev cars because we are bringing small ev platform with the renault 5 which is the first one of the european oem. let's keep in that positive dynamic for 2024. the market is challenging, obvi obviously. >> luca, it is challenging. you have taken a swing at the shareholders. the childish swing or pendulum swing in the approach to ev. are they being childish about the prospects for the sector or are they being concerned about the profitability of ev growth? >> i think the
elsewhere, renault posted a record operating margin at 7.9%. the french automaker posted 2.3 billion euro for the year on 50 billion euro revenue since scrapping plans to list the unit in january. the ceo gave his thoughts on what is next for the company this year. >> i think it will be a lot of pressure on ev and reduction of pricing that we see since a few months. i think in the case of renault, we are relatively productive in our guidance. we are also on the other side optimistic. we...
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Mar 7, 2017
03/17
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renault nissan in addition to mitsubishi is selling about 10 million cars. we are one of the top three automakers and not far from the top of the industry. i won't complain on the fact that competitors are doing the same thing. it's totally normal and fair. scale is a problem if you don't know how to use it. then you become heavy, you don't react quickly. if you know how to use scale, it's a huge advantage for you. we know how to use scale. for us, bigger is better. >> do you think the applianllia could turn into an outright merger when you talk about consolidation? >> i don't think you need a merger to make the synergies. i think you can operate the way renault nissan is operating today, keeping the autonomy of the company and keeping the company separate. you can make synergies work. that's the road we have taken. does it mean we don't know how to work a merger? yes, we know how to work a merger. at the moment we don't need it. for the moment the conditions are not united to see clear advantage for a merger towards the way we work now. >> the dig investmen
renault nissan in addition to mitsubishi is selling about 10 million cars. we are one of the top three automakers and not far from the top of the industry. i won't complain on the fact that competitors are doing the same thing. it's totally normal and fair. scale is a problem if you don't know how to use it. then you become heavy, you don't react quickly. if you know how to use scale, it's a huge advantage for you. we know how to use scale. for us, bigger is better. >> do you think the...
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May 28, 2019
05/19
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the proposed 50-50 merger between fiat chrysler and renault. it must protect jobs and the interests must be listed at board level. that would create the third large earth carmaker it includes a dividend pailable across fiat shareholders the merger would form a holding company that trades out of amsterdam and seats on the board importantly would be split between fiat which would hold four and renault it's set from 15% to 7.5%. hence why it's very important where the french government stands on this. >> let's talk about this in a little more detail we're seeing a beg rally with the likes of renaul. we saw that yesterday. also the association we saw a big bounce of mitsubishi this is a major development. what's interesting about this is their intention to get the key stakeholders particularly as it pertains to the french government and nissan in order to getgo the go-ahead. all maetly what that would mean is both nissan's stake in renaul and the french government's stake in renault would be diluted, perhaps halved. >> yes you'll river earlier this
the proposed 50-50 merger between fiat chrysler and renault. it must protect jobs and the interests must be listed at board level. that would create the third large earth carmaker it includes a dividend pailable across fiat shareholders the merger would form a holding company that trades out of amsterdam and seats on the board importantly would be split between fiat which would hold four and renault it's set from 15% to 7.5%. hence why it's very important where the french government stands on...
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May 27, 2020
05/20
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renault up more than 9%. particularly news this morning shares have risen under a new plan to reenergize its alliance with nissan and mitsubishi let's get to charlotte with more what can we expect on the alliance moving forward. >> the press came out a few minutes ago. the chair of the alliance insisting on the future of the alliance saying that it would be one of the strongest in coming here's also talking about how to maximize the assets across the three brands and meaning that each brand would take the lead in some region where authorities were the best at close to 50% of models would come under that scheme that would be up to 40% where we would allow them $2 billion in savings. it would be interesting to this press conference they kept talking about the future of the alliance saying there had been some doubts in the market hoping that this plan presented puts an end to this. about a change of spirit in the alliance and how the three brands would make it work. tensions had been new in nissan and some rumor
renault up more than 9%. particularly news this morning shares have risen under a new plan to reenergize its alliance with nissan and mitsubishi let's get to charlotte with more what can we expect on the alliance moving forward. >> the press came out a few minutes ago. the chair of the alliance insisting on the future of the alliance saying that it would be one of the strongest in coming here's also talking about how to maximize the assets across the three brands and meaning that each...
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Oct 18, 2019
10/19
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>> renault has trouble in many areas, huge trouble with very strategic partner. troubles with the core business and looking for the new ceo and all that comes with the times which would make life very, very difficult. >> what does it mean for the 43% stake that is valuable we've argued many times with those that had been too large if necessary. it would free up cash that the company needs and rebalance the relationship between the two companies. >> i want to ask you a question that has been hanging over the company. tariffs. the u.s. will make a decision whether or not they will impose tariffs. on a day like today, you see the stock down 2%. do you think autos are really priced in if it does happen in november >> we have a few things on the macroside. we are probably a bit less worried. we are less worried hopefully on brexit which will be a big, big concern for the auto industry in particular and the section 232 on national security are sort of the last big ticket items on november 18, president trump will have to make the decision whether to impose tariffs on e
>> renault has trouble in many areas, huge trouble with very strategic partner. troubles with the core business and looking for the new ceo and all that comes with the times which would make life very, very difficult. >> what does it mean for the 43% stake that is valuable we've argued many times with those that had been too large if necessary. it would free up cash that the company needs and rebalance the relationship between the two companies. >> i want to ask you a question...
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Jul 26, 2023
07/23
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joumanna bercetche who is covering the credit earnings in milan these are your headlines nissan and renault finalize their new terms, agreeing to invest up to $660 million into its french pier's e ve unit, double ts in first quarter profits. we hear exclusively from makota uchida straight ahead. >>> luxury reports its euros, but it's starting to plateau following years of covid big spending. >>> unicredit gets a lift from rising interest rates and raises its net target for the year after posting a second set of better quarter results the ceo tells me exclusively he's confident in the company's unlocked strategy. >> for 2024, it will be less supported, we're going to see it continue to converge and inflation will have its full effect, but we believe the lock will plug it up. >>> and higher rate environment with santender there's a near 30% fall in second quarter profits. >> the environment, looking forward to the balance of the year, should remain about the s same, perhaps improve slightly so we're optimistic about the path forward >>> meanwhile our top story, nissan has hiked its full year
joumanna bercetche who is covering the credit earnings in milan these are your headlines nissan and renault finalize their new terms, agreeing to invest up to $660 million into its french pier's e ve unit, double ts in first quarter profits. we hear exclusively from makota uchida straight ahead. >>> luxury reports its euros, but it's starting to plateau following years of covid big spending. >>> unicredit gets a lift from rising interest rates and raises its net target for the...
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Jul 30, 2020
07/20
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. >> vw slashes its dividend after posting the first half operating loss and renault posts a loss and says it is impossible to give any guidance. >>> astrazeneca rallies as second quarter sales top forecast the ceo says he expects to benefit from the covid vaccine >> this is a business that is redirect examinatio resilient. we've managed the crisis well. patients are returning to physicians >> a very warm welcome to "street signs. now on the gdp front, german adjusted preliminary gdp the calendar adjusted q2 number down 11.7% slightly worse than the 11.3% forecast the sharpest decline from 1970 the calendar adjusted level, 11.7% versus 11.3% predicted the rebound in that data, the pmis came in growth territory but still q2, a very severe decline. let's bring in annette who knows more about the german economy than i do. the 11.7% drop in gdp. >> exactly it is worse than expected but that's like the backward perspective. >> germany was especially hard hit in the second quarter which was like april, may and june in april, literally the whole economy came a stand still manufacturing was a
. >> vw slashes its dividend after posting the first half operating loss and renault posts a loss and says it is impossible to give any guidance. >>> astrazeneca rallies as second quarter sales top forecast the ceo says he expects to benefit from the covid vaccine >> this is a business that is redirect examinatio resilient. we've managed the crisis well. patients are returning to physicians >> a very warm welcome to "street signs. now on the gdp front, german...
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Nov 28, 2018
11/18
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. >>> the leaders of nissan, renault and mitsubishi will meet on thursday since the arrest of carlos ghosn they will discuss the future of that three-way alliance. makiko utsuda has more details on this. >> yes investigations continue into ghosn's allegations and the focus is whether prosecutors can prove ghosn or his deputy intentionally falsified nissan's annual reports to understate his compensation they are also accused of knowingly misusing money for ghosn's personal use ghosn so far denied any wrong doing for all of these allegations. amid this the heads of nissan, renault and mitsubishi motors are meeting on thursday to discuss the future of the three-firm alliance. the three firms say they wish to maintain the strength of the alliance, but each seems to be seeking different goals. renault owns 43% of nissan shares, and the japanese automaker holds 15% of its french partner with no voting rights since renault has voting rights at nissan, nissan is looking to rebalance the alliance to a more even relationship given the fact it contributes more to the alliance as far as earnings
. >>> the leaders of nissan, renault and mitsubishi will meet on thursday since the arrest of carlos ghosn they will discuss the future of that three-way alliance. makiko utsuda has more details on this. >> yes investigations continue into ghosn's allegations and the focus is whether prosecutors can prove ghosn or his deputy intentionally falsified nissan's annual reports to understate his compensation they are also accused of knowingly misusing money for ghosn's personal use...
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Oct 19, 2023
10/23
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the drag on the basket is renault. let's get to charlotte for more on the numbers which is pushing renault shares down. >> they went below expectations. up 7.6% in revenue in q3. this weighed heavily on the pace of growth. they had a positive tone with the operating margin in the second half is expected to be higher than the first half. the first half did reach a record at 7.6%. they expect this number to be higher in the second half. that was a positive from renault with the strong operating margin in the past. they were moving away from volumes and focusing on margins. consumers were looking at higher end segments with the ev released recently. all eyes are on the ev and software unit that they are reorganizing the group with nissan. they have said the carve-out will become in two weeks. they will go forward with the ipo market in 2024. they are looking at the first half for that. investors are waiting for more information. >> charlotte, you mentioned tesla. i saw renault and they said they will not go with the disco
the drag on the basket is renault. let's get to charlotte for more on the numbers which is pushing renault shares down. >> they went below expectations. up 7.6% in revenue in q3. this weighed heavily on the pace of growth. they had a positive tone with the operating margin in the second half is expected to be higher than the first half. the first half did reach a record at 7.6%. they expect this number to be higher in the second half. that was a positive from renault with the strong...
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Apr 23, 2024
04/24
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when it comes to the corporate stories in europe, we are looking at renault. the company has reported first quarter revenue of 11.7 billion euro on the back of the stronger order book in europe. the french carmaker confirmed the full-year outlook. charlotte is joining us with more on the story. charlotte, what is the latest from renault? >> silvia, the numbers were better than than expected. revenue up 6%. volume was up 2.6% as well with the cfo saying he expect the volume to increase in the second half of the year and stronger ev penetration as well in the second half of the year. they confirmed the target of 7.5%. you remember that is a cautious note from renault because they were lower than last year. this year will be tough for the ev maker with the chinese companies entering the market. it will be tougher. they are continuing with the stretch there pushing into the evs. this is going to lower the ev cost by 40% by 2027 and try to make the evs more affordable. they are launching more cheaper models. it will cost 25,000 euro and try to make this more afford
when it comes to the corporate stories in europe, we are looking at renault. the company has reported first quarter revenue of 11.7 billion euro on the back of the stronger order book in europe. the french carmaker confirmed the full-year outlook. charlotte is joining us with more on the story. charlotte, what is the latest from renault? >> silvia, the numbers were better than than expected. revenue up 6%. volume was up 2.6% as well with the cfo saying he expect the volume to increase in...
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Jan 18, 2016
01/16
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renault faces a government inquiry. and as bernie sanders gains in the polls hillary clinton goes on the offensive. the latest from last night's democratic debate. also tomorrow we hit the swiss alps. cnbc goes live from davos and the world economic forum. a bunch of ceos from across the country. we've got a special two hour show for you today. come back for much more right after the break. stab the flu virus hits big. with aches, chills, and fever, there's no such thing as a little flu. and it needs a big solution: an antiviral. so when the flu hits, call your doctor right away and up the ante with antiviral tamiflu. prescription tamiflu is an antiviral that attacks the flu virus at its source and helps stop it from spreading in the body. tamiflu is fda approved to treat the flu in people two weeks of age and older whose flu symptoms started within the last two days. before taking tamiflu, tell your doctor if you're pregnant, nursing, have serious health conditions, or take other medicines. if you develop an allergic r
renault faces a government inquiry. and as bernie sanders gains in the polls hillary clinton goes on the offensive. the latest from last night's democratic debate. also tomorrow we hit the swiss alps. cnbc goes live from davos and the world economic forum. a bunch of ceos from across the country. we've got a special two hour show for you today. come back for much more right after the break. stab the flu virus hits big. with aches, chills, and fever, there's no such thing as a little flu. and it...
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Jan 9, 2023
01/23
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. >>> renault is looking at the revolution share holding plan giving six free shares to the company's work force. >>> travelers pour into china as they lift quarantine rules for the first time in three years. >>> and hundreds of people are arrested after supporters of former brazilian president boribo lrk sonaro stormed the presidential palace. >>> good morning happy monday welcome to "street signs." equities starting off on a high note the stoxx 600 up 0.4% this morning. building on the rally we saw last week. friday was particularly strong for europe and the u.s we saw market sentiment really get a boost from the non-farm payroll report which was solid and raised hopes of a soft landing from the federal reserve. we got fascinating data. european inflation to the down side at the regional level and individual country perspective perhaps the central banks have a handle on inflation. that is a big debate right now breaking down by region. worth noting, the ftse 100 last week put in a strong performance on friday, hitting a three-year high boosted by minors and energy stocks we know rel
. >>> renault is looking at the revolution share holding plan giving six free shares to the company's work force. >>> travelers pour into china as they lift quarantine rules for the first time in three years. >>> and hundreds of people are arrested after supporters of former brazilian president boribo lrk sonaro stormed the presidential palace. >>> good morning happy monday welcome to "street signs." equities starting off on a high note the stoxx...
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Feb 21, 2023
02/23
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renault and volkswagen sales out performed. to help us make sense of it all, we have the managing director of auto research from bernstein thank you for joining our show looking at the numbers, the car registration numbers for europe, i would say, are coming in higher than expected no one would have thought with the weak macro back drop, car registrations would be up 11%. what is your take on the auto industry >> good morning. thank you for having me. the key data may not be the individual month registration, but the order backlog. europe still has an order b backlog of six-to-eight months despite weaker macro, we are seeing strong trends. >> interesting on a forward looking basis, it might not be as positive one thing i want to pick up on is renault and volkswagen sales out performed. in your comments, you talked about the fact that 2022 was a year that favored premium carmakers over mass producers. showing a strong performance for renault and volkswagen, does that change in 2023 >> we favored the oems, but if you look at the
renault and volkswagen sales out performed. to help us make sense of it all, we have the managing director of auto research from bernstein thank you for joining our show looking at the numbers, the car registration numbers for europe, i would say, are coming in higher than expected no one would have thought with the weak macro back drop, car registrations would be up 11%. what is your take on the auto industry >> good morning. thank you for having me. the key data may not be the...
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May 26, 2020
05/20
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renault is expected to receive a $5 billion loan guarantee. interesting political act they have to respond to while supporting the sector in the french economy to allow them to adjust the current tool and the new normal coming ahead of us. in balancing and supporting the sector with effective job cuts that are very much on the table as well. >> charolette, thank you for that >>> we'll take a quick break coming up, the u.s. announces travel restrictions for brazil as covid-19 cases spike for the southern american country. we'll be right back. across america, business owners are figuring things out. finding new ways to serve customers... connect employees... and work with partners. comcast business is right there with you. with a network that helps give you speed, reliability and security. and enough bandwidth to handle all your connected devices. voice solutions like remote call forwarding and readable voicemail. and safe, convenient installation. when every connection counts, you can count on us. get the connectivity your business needs. call
renault is expected to receive a $5 billion loan guarantee. interesting political act they have to respond to while supporting the sector in the french economy to allow them to adjust the current tool and the new normal coming ahead of us. in balancing and supporting the sector with effective job cuts that are very much on the table as well. >> charolette, thank you for that >>> we'll take a quick break coming up, the u.s. announces travel restrictions for brazil as covid-19...
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Jun 5, 2020
06/20
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we came to the conclusion together the chairman of the alliance and my partner in renault and mitsubishi and myself especially on the engineering confidence each company has and the model each company can lead for nissan, if i take one example like in europe, we want to maintain or sustain ourselves. how we maintain is what we have to decide. we would make our capacity first and will be satisfied with our customer then in the area where i can get benefit from the support from the alliance especially from renault in europe. so this is how we are working. >> what if it doesn't go exactly how you hope it does some call this the last roll of the dice with your partners. what if this doesn't go smoothly, where does that leave nissan >> the alliance should be a competitiveness asset for each company. we can use those to make each company grow is a key point. we have a very close communication. we put everything on the table very transparently let me remind that alliance mindset is that we should have transparency on everything together and how we can make sure respect and trust each other. if
we came to the conclusion together the chairman of the alliance and my partner in renault and mitsubishi and myself especially on the engineering confidence each company has and the model each company can lead for nissan, if i take one example like in europe, we want to maintain or sustain ourselves. how we maintain is what we have to decide. we would make our capacity first and will be satisfied with our customer then in the area where i can get benefit from the support from the alliance...
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Feb 5, 2024
02/24
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this is due to stellantis and the potential tie-up with renault. that is media speculation. stellantis is trading weaker in trading and the ongoing p competition from china is weighing on automakers. and oil and gas with the bounce in spot oil prices especially with the jitters in the middle east over the weekend. retail is down .40%. it is important to look at what happened in the asian session. it was volatile. this is just happened overnight with the three asian indices. shenzhen was down 6% in trading before somewhat recovering by the end of the day. still, down significantly at more than 2.5% today in the trading session. actually down 3%. shanghai composite down 1% as well. these chinese stocks cannot seem to get a bid. we saw brief support throughout the course of the week, but it is very challenging. the support doesn't appear to be sustainable. >>> elsewhere, the united states will launch further strikes against iran-backed groups in the middle east according to the white house security adviser jake sullivan. this comes after the attacks on iraq, syria and yemen ove
this is due to stellantis and the potential tie-up with renault. that is media speculation. stellantis is trading weaker in trading and the ongoing p competition from china is weighing on automakers. and oil and gas with the bounce in spot oil prices especially with the jitters in the middle east over the weekend. retail is down .40%. it is important to look at what happened in the asian session. it was volatile. this is just happened overnight with the three asian indices. shenzhen was down 6%...
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Apr 23, 2020
04/20
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i know investors were concerned about renault's balance sheet strength is that part of what is driving shares higher this morning >> you are right, julia. no surprise from the q1 results trying to reassure investors on the liquidity fund they mention a credit line of $3.5 billion as well as $10.3 billion in liquidity they have asked for a guarantee loan in the future that they say should be in place by mid-may. they have confirmed the number around $4 to $5 billion euros that could come into play. so confirming these thing should come by mid-may. they have mentioned and as part of this deal getting the aid that the french government is 15% aid. announced and confirming that the dividend at renault has been scrapped confirming they have been able to ride the storm. the new start has been difficult after the arrest of the former ceo carlos ghosn it is supposed to be the new start. they have confirmed that by mid-may, they have announced a $2 many ill $2 million savings plan. they are flying blind as to when production will go back to normal showing positive that they are still working on
i know investors were concerned about renault's balance sheet strength is that part of what is driving shares higher this morning >> you are right, julia. no surprise from the q1 results trying to reassure investors on the liquidity fund they mention a credit line of $3.5 billion as well as $10.3 billion in liquidity they have asked for a guarantee loan in the future that they say should be in place by mid-may. they have confirmed the number around $4 to $5 billion euros that could come...
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Oct 14, 2016
10/16
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renault has taken the number one spot with sales up 18%. italy and spain were the biggest regional winners showing double digit growth while luxury brands put in a strong performance. joining us now is arnd arndt ellinghorst. good morning to you. thank you for joining us to react to the numbers. at a time when we talk about plenty of headwinds out there, talking about increased capex for invasion, fears of global peak demand for car sales, yet this strong number what is driving it? >> good morning. the european markets are still on track. germany, southern europe are strong. consumer confidence are strong. it's cheap to own a car. cheap and available to switch to a new car. that's really driving the momentum. the uk is softening down. we've seen weakness in business sales, so i think it's far too early to call there's no brexit impact in uk car sales. overall these numbers are very sound. >> looking at renault the clear winner, pujot not so much. we know the volkswagen namesake brand is pushing forward with a big turnaround plan. are these
renault has taken the number one spot with sales up 18%. italy and spain were the biggest regional winners showing double digit growth while luxury brands put in a strong performance. joining us now is arnd arndt ellinghorst. good morning to you. thank you for joining us to react to the numbers. at a time when we talk about plenty of headwinds out there, talking about increased capex for invasion, fears of global peak demand for car sales, yet this strong number what is driving it? >>...
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Sep 15, 2017
09/17
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an incident at parsons green touche station amid unconfirmed reports of an explosion on a train >>> renault-nissan targets annual sales of 14 million vehicles, by 2022 as the automaker lays out its bullish six-year strategy. and ceo carlos ghosn tells cnbc he is confident in the french government's plans to sell down its stake. >> they said they want to do it at the moment where the market is more favorable, which i understand, which i understand yes, i have no doubt on the fact that they will do it because they said so >>> good morning, it's friday. we have more bad news to deal with when it comes to another missile launch over japan coming from north korea and the unfortunate news coming out of the london underground before that, let's get to the stoxx 600. we are lower to the tune of 0.2%, despite the fact that european stocks are set for the best week since july investors by in large shrugging off the latest news out of north korea. for the week, we have done well. seems like we're finally recovering from this summer dip we have seen in large part because of the strength of the euro when we lo
an incident at parsons green touche station amid unconfirmed reports of an explosion on a train >>> renault-nissan targets annual sales of 14 million vehicles, by 2022 as the automaker lays out its bullish six-year strategy. and ceo carlos ghosn tells cnbc he is confident in the french government's plans to sell down its stake. >> they said they want to do it at the moment where the market is more favorable, which i understand, which i understand yes, i have no doubt on the fact...
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Jun 29, 2023
06/23
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ftse mib is up .20%.formers is d renault. and currency markets euro/dollar holding steady look at how far we have come down trading in the 126 area. well below where we were a week or two ago above 128 sterling has come down from the greenback. in terms of trade on wall street, a modest rebound according to the indices and futures at this stage. we had subdued trade s&p closing marginally lower with the semiconductor stocks under performing we have weekly jobless claims and pending home sale data. >>> u.s. banks passed the stress test on monday with all 23 lenders weathering a severe recession scenario they would be able to maintain minimum capital levels despise the losses of $541 billion hypothetical, cof course. this clears the way for dividends and buybacks some creitics warn this is not a all clear signal given the regional banking turmoil >>> here is a story that caught my attention bank of america suffered a $100 billion paper loss data from the federal deposit insurance corporation shows the losses far exceed the riva
ftse mib is up .20%.formers is d renault. and currency markets euro/dollar holding steady look at how far we have come down trading in the 126 area. well below where we were a week or two ago above 128 sterling has come down from the greenback. in terms of trade on wall street, a modest rebound according to the indices and futures at this stage. we had subdued trade s&p closing marginally lower with the semiconductor stocks under performing we have weekly jobless claims and pending home...
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124
Dec 14, 2018
12/18
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more bad news overnight, weak sales coming out of europe, particularly for some major names like renault that's impacting that sector tech down 1.8% any time you get chinese indices down overnight, typically basic resources and technology also down in europe let's talk about yields. we had a big central bank day yesterday. as i mentioned, the tone coming out of the central banks was negative, which led to a bid for fixed income the ten-year back at around 2.8, 2.87 bunds at 25 basis points the takeaway from yesterday is that the ecb are getting nervous. yes, they've ended the quantitative easing program, but there are certainly a few warning signs on the horizon gilts are also catching a bid as the market comes to term with more and more bad news as it comes to the political backdrop. we have a long way to go to make up for some of the losses earlier in the year. finally, a quick look at foreign exchange some currency pairs here euro trading weaker through that 113 level. weak pmi numbers, and cable is back through 126 as well 125 handle 125.80 is the level. cable continues to trade heav
more bad news overnight, weak sales coming out of europe, particularly for some major names like renault that's impacting that sector tech down 1.8% any time you get chinese indices down overnight, typically basic resources and technology also down in europe let's talk about yields. we had a big central bank day yesterday. as i mentioned, the tone coming out of the central banks was negative, which led to a bid for fixed income the ten-year back at around 2.8, 2.87 bunds at 25 basis points the...
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Jan 23, 2020
01/20
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. >> speaking of the auto industry, renault shares are under pressure after citi downgraded to a sell saying they are running out of cash in the sale of stake of nissan may be the only option for the french carmaker i spoke to the chairman and asked him if the alliance had turned a corner. >> question of the alliance, what are their new challenges. how are we going to get out of the situation. the good news, we are now in the new stage of the alliance. probably back to when it was created 20 years ago which was a success. we are now shaping up the whole thing in a way that we can only have positive news in the coming future >> joining me now on set, the ceo of volkswagen. i want to take you back to comments we heard earlier from the panel. yet again, the prospect of tariffs was raised it is like a sword hanging over europe and the german automaker industry, how much of a concern was that for you looking to 2020. >> it is a concern but we are optimistic we are increasing our footprint in the united states we fully adopted to the new agreement in the investments for the region we are ju
. >> speaking of the auto industry, renault shares are under pressure after citi downgraded to a sell saying they are running out of cash in the sale of stake of nissan may be the only option for the french carmaker i spoke to the chairman and asked him if the alliance had turned a corner. >> question of the alliance, what are their new challenges. how are we going to get out of the situation. the good news, we are now in the new stage of the alliance. probably back to when it was...
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Mar 6, 2018
03/18
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. >> thank you very much >>> coming up next, we'll speak to renault's coo as the auto maker faces critical challenges. " i'm karen tso. these are your headlines >>> european carmakers drive the market higher as a relief rally sweeps the continent in the hopes that president trump could rein in his tariff plans the ceo of vw says he is monitoring the situation >> translator: apart from the rumor that things will change, the regulations have not changed. we are calmly assessing the situation, then we will take the necessary decisions. >>> italian assets get swept up in the move higher despite a brewing power struggle between the election winners as the five-star and the lega claim a mandate to lead. >>> italian assets get swept u in the move higher despite a big struggle between the election winners. >>> cnbc spoke to renault's coo, theirry bollore, about electric cars and the challenge of getting cities ready >> this is a problem being involved in many cities today. we have a lot of possibilities to charge, and you should not forget that the electrification of cars and automakers today are
. >> thank you very much >>> coming up next, we'll speak to renault's coo as the auto maker faces critical challenges. " i'm karen tso. these are your headlines >>> european carmakers drive the market higher as a relief rally sweeps the continent in the hopes that president trump could rein in his tariff plans the ceo of vw says he is monitoring the situation >> translator: apart from the rumor that things will change, the regulations have not changed. we are...
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112
Aug 23, 2016
08/16
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here in europe we have another story surrounding renault concerns over emissions. when you talk about emissions in the wake of the volkswagen diesel scandal, is there a silver lining that people will get behind a real recharge in vehicle production demand support from governments. >> you're seeing it all over year. by 2020 all electric. german saying 2050 wants to have zero internal combustion engines china is saying they want 10% of cars to be electric or battery operated by 2020. you're seeing a massive drive across the world. >> peter, great to have you on the show. ceo. we'll get you barrack ck on to about progress as well. >>> let's take a look at top stories. 000,000 data earlier. france posting fastest sector growth in ten months. flash pmi rose in august. beating expectations. a contrast in german, flash pmi edging down to 54.4. below expectations is growth in certifies and manufacturing. both lost a bit of steam. >> just another check on renault shares because the investigation has failed to explain why the diesel vehicles left off fewer harmful emissions
here in europe we have another story surrounding renault concerns over emissions. when you talk about emissions in the wake of the volkswagen diesel scandal, is there a silver lining that people will get behind a real recharge in vehicle production demand support from governments. >> you're seeing it all over year. by 2020 all electric. german saying 2050 wants to have zero internal combustion engines china is saying they want 10% of cars to be electric or battery operated by 2020. you're...
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Jun 13, 2019
06/19
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we were talking earlier that we've seen in paris the renault tie-up also with deutsche bank talks. you can go through example after example. it's not just within europe. in the u.s. as well. the team, if you broaden the narrative out in terms of merger controls, many deals could have been torpedoed the narrative is quite interesting. there is a report yesterday that came out from the mps here in the uk talking about major new national security regime for ipo candidates in london that's not m&a but it's imos, but the language is quite loosely drafted. >> we'll come back to ipos in a moment i have questions about political uncertainty around the european commission since the commission has been so vocal in blocking some mergers, like thyssenkrupp, when yyou lok at it, do you think a new commission should be more lenie lenient? is that something investors should be aware of or do you expect continuity? >> it's hard to say. we have to expect continuity i think the greater concern is maybe the broader theme of though we've run through some mega deals, if you go behind the mega deals the
we were talking earlier that we've seen in paris the renault tie-up also with deutsche bank talks. you can go through example after example. it's not just within europe. in the u.s. as well. the team, if you broaden the narrative out in terms of merger controls, many deals could have been torpedoed the narrative is quite interesting. there is a report yesterday that came out from the mps here in the uk talking about major new national security regime for ipo candidates in london that's not...
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Jan 13, 2017
01/17
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renault over diesel emissions. again, we are looking at a dip in renault shares now lower by 4%. this comes after the big story today, fiat chrysler facing fresh emissions charges from the epa in the united states, allegations they have denied. i will just say i have spoken to renault nissan's ceo, carlos gohn about this several times before. we know they were probed in the wake of the diesel emissions case, and he always maintained their engines are compliant. we will bring you more updates on this. >>> a check of oil prices, opec is unlikely to fully implement its promised oil cuts, that's according to various opec sources. this comes despite saudi arabia and kuwait saying they had cut production more than they agreed to. looking at weakness there in brent and wti. let's bring in our oil and gas analyst from netixis. looking at the moves today, a bit of a pare back on recent strength we've seen. we'll get a better idea of compliance soon what is your expectation? >> of course we are looking at some compliance, ma
renault over diesel emissions. again, we are looking at a dip in renault shares now lower by 4%. this comes after the big story today, fiat chrysler facing fresh emissions charges from the epa in the united states, allegations they have denied. i will just say i have spoken to renault nissan's ceo, carlos gohn about this several times before. we know they were probed in the wake of the diesel emissions case, and he always maintained their engines are compliant. we will bring you more updates on...
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May 29, 2019
05/19
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its position in the alliance renault owns over 43% of nissan while nissan holds a not voting stake in its french partner. nissan has been the main driver of the partnership in size and technology accounting for more than half the 11 million units sold by the trio in 2018 fca's partnership with waymo, which launched an autonomous taxi service is also a concern in terms of capital, the merger would bring complications ads th influence of the french gof government which holds a 15% stake in renault would be diluted. at today's meeting, nissan's ceo said he was not against the merger but added that nissan would need to look into the details to decide how to proceed. that's all from the nikkei, back to you >>> the spanish soccer team, real madrid finished the season without a trophy, but a new study has still named as europe's most valuable club. kpmg has measured the enterprise value of top clubs across europe and says that real madrid is worth $3.6 billion beating out manchester united from the top spot united has an equally poor season on the pitch. champion's league finalists livable,
its position in the alliance renault owns over 43% of nissan while nissan holds a not voting stake in its french partner. nissan has been the main driver of the partnership in size and technology accounting for more than half the 11 million units sold by the trio in 2018 fca's partnership with waymo, which launched an autonomous taxi service is also a concern in terms of capital, the merger would bring complications ads th influence of the french gof government which holds a 15% stake in...
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Nov 26, 2019
11/19
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originally there was renault and the prospect of renault/nissan also entered talks with fca, but that seemed to be nipped in the bud by resistance from the french government. >> certainly executives from both firms saying to cnbc over the summer that the french government was the obstacle toll that deal going through, whereas when we first started hearing details about this, again, cnbc reporters hearing from executives at both these companies, they didn't expect those kinds of obstacles and of course, the french government, we've seen this again and again the last few years, has got involved in the cross-border m&a deals that have involved big, national champions. it's going to be interesting to see whether the regulators, whether the french government at some point get involved and more publicly talk about their views on this. >> world reminding viewers as well that the french government's also has a stake in puget, a 12% stake in psa, a 15% stake in renault, but perhaps the key difference is that renault had the added complication of the existing alliance with nissan that has also
originally there was renault and the prospect of renault/nissan also entered talks with fca, but that seemed to be nipped in the bud by resistance from the french government. >> certainly executives from both firms saying to cnbc over the summer that the french government was the obstacle toll that deal going through, whereas when we first started hearing details about this, again, cnbc reporters hearing from executives at both these companies, they didn't expect those kinds of obstacles...